Ollo Rewards Mastercard® Credit Card

Cash back rewards credit card with no foreign transaction fee

Updated: Oct 2, 2021

Advertiser Disclosure

The OLLO Rewards Mastercard is a custom-tailored financial product designed to cater to people with fair to average credit scores. It offers access to a great cash-back program, with 2% cash-back on purchases made at drugstores, gas stations, and grocery stores, and 1% cash-back on all other eligible purchases. OLLO delivers a credit card that consumers can use to rebuild their score and apply for cards with better perks, lower APR, and no annual fee. Convenient online application and fast response times paired with a US-based customer support center make this card user-friendly. See the information below where you will find an in-depth OLLO Rewards Mastercard review and discover whether it is a perfect match for you.


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24.99% Variable



80 User Ratings

Ollo Rewards Mastercard® Credit Card

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Key Features

  • Unlimited 2% cash back on all gas station, grocery store and drugstore purchases
  • Earn 1% cash back on all other purchases
  • Low Annual fee: $0-$39. Depends on your creditworthiness.
  • No over the limit fees
  • No returned payment fees
  • No foreign transaction fees
  • No rate hike when you make a late payment

Our Take

The Ollo Rewards Mastercard may easily be the cash-back credit card you’ve been looking for. This card offers an easy and convenient way to apply online. The application will result in a hard pull with credit bureaus, meaning that it will reflect your credit score. Ollo offers a financial product that comes with 2% cash-back on drugstore, gas station, and grocery purchases. There is also 1% cash-back on all other purchases. A low annual fee, no foreign transaction fee, industry average APR, and easy account management make this card one of the best cash-back cards on the market.

Who Is the Ollo Rewards Mastercard For?

  • It is a good-enough indication that this card is for you if you are regular at gas stations, drugstores, and grocery shops. The Ollo Rewards Mastercard will put you in a position to earn more from every dollar you spend at the venues mentioned above. The issuer has no limits when it comes to cash-back rewards, which is a must-have perk in a rewards card. Do you find managing your credit cards hard? Ollo’s credit card will make it easier for you to enjoy spending once again. The company has a transparent policy. You can avoid penalty APRs without breaking a sweat. Surprise fees are also a no-go should you choose this issuer. With Ollo, there are no over the limit, returned payment, or foreign transaction fees. Are you looking for a credit card that can help you improve your credit score and put you in a position to earn a few bucks while doing it? The Ollo Rewards Mastercard might be the card you’ve been looking for.

The Ollo Rewards Card Benefits

  • Cash Back rewards. This credit card offers a few benefits to consumers. Let’s start with the one that puts it in the category of reward credit cards – cash-back bonus. This credit card has category-specific and overall cash-back bonuses. A 2% cash-back applies to purchases made at gas stations, grocery stores, and drugstores, while a 1% cash-back applies to all other purchases.
  • Unlimited rewards. The issuer also brings another valuable perk to the deal – unlimited cash-back rewards. You can make purchases without having to worry whether you will get rewards or not. As long as you use this card to pay your bills, you will be able to cash in on rewards.
  • Fee free deals. Not a direct benefit, but a benefit nonetheless, is the fee-free deal Ollo offers. All cardholders are free of paying over the limit and returned payment fees. You can even use the card to make purchases abroad because you won’t be charged with a foreign transaction fee; a perk many cash-back cards don’t have.
  • Zero fraud liability. And finally, the issuer offers good security and outstanding services. You will benefit from Zero Fraud Liability. If your card gets stolen and someone makes unauthorized purchases, you will still be protected. Consumers have access to US-based customer support services around the clock.
  • Easy to manage. The online portal offers an easy and convenient way to manage your account anytime and anywhere.

Are There Any Disadvantages?

We can say that Ollo did a great job making this card stand out from the crowd. Compared to other cash-back cards, this one comes with very few disadvantages.

  • Annual fee. Its weakest point is the annual fee. To be the proud owner of the Ollo Rewards Mastercard, you will have to pay 0 to $39 every year depending on your creditworthiness. This is quite a substantial sum given that most cash-back cards have variable annual fees the issuer determines after reviewing applicants’ financial footprint.
  • Slightly high APR. There is also the question of APR. It is slightly above the industry average. If it were below the average, this card would definitely be one of the most attractive cash-back offers.

Should You Use Ollo Rewards Mastercard

This card is a viable financial method you can use to support your credit score rebuilding strategy and make some money on the side. If your credit score is still at the fair level, this card is an excellent choice. You can use it to boost your average scores and make those purchases count. Meanwhile, you won’t have to worry about any hidden fees, including late, return payment, and foreign transaction fees. However, this card is available by invitation only.

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Frequently Asked Questions

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Basic Information
Issuer: Bank of Missouri
Network: Mastercard®
Category: Consumer (Regular)
Best Used For:
  • No Foreign Transaction Fee
  • EMV Chip
  • Intro Bonus
Rewards: Yes
Reward Types:
  • Cash Back Rewards
  • Gas Rewards
  • Other Rewards
  • Universal Rewards
  • Grocery Rewards
Reward Units: Cash
Rates & Fees
Regular APR: 24.99%
Regular APR Type: Variable
Annual Fee: See Terms
Balance Transfer: Yes
APR on Cash Advances: 24.99%
Grace Period: See Terms
Late Payment Fee: Up to $40
Other Fees:
  • Returned Payment fee: None
  • Foreign transaction fees: None

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Non-Affiliate Offer Disclosure
*The information provided for Ollo Rewards Mastercard® Credit Card is believed to be accurate at the time of evaluation and has been collected independently by MarketProSecure®. The card issuer did not provide the details, nor it is responsible for their accuracy.

Ollo Rewards Mastercard® Credit Card

Reviews - (1 User Reviews)
Share your experience and rate the Ollo Rewards Mastercard® Credit Card
December 30, 2020
Zoran Argyros (36-45) - Cardholder
Income on Application
Credit Score
Good (670-739)
Credit Limit
Filed for Bankruptcy

Yes! Finally some decent bonuses and cash-back!

a card that has unlimited cash back, perks, bonuses, features, and everything? Sign me up! I really like this card because it lets me earn money while i’m spending money so at the end of the day i have more money! I’m all about saving money at every step of the way and this card lets me do so!! It has a 2% cash back on some stuff but it has a 1% cash back for virtually any shopping i do! I’m in my forties, and every penny counts when you’re saving money and this is the best card for the job!!!
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Ollo Rewards Mastercard® Credit Card

Ollo Rewards Mastercard® Credit Card

Rec. Credit Score: Fair

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